Submitted by Tyler Durden on 02/06/2016 - 12:33
"We have reached that fork in the road within the monetary twilight zone, where Europe's largest bank is openly defying central bank policy and demanding an end to easy money. Alas, since tighter monetary policy assures just as much if not more pain, one can't help but wonder just how the central banks get themselves out of this particular trap they set up for themselves."
Submitted by Tyler Durden on 02/06/2016 - 14:00 When the results are announced this primary season amid cheers and celebration, then, remember what it all represents: the triumph of compulsion over cooperation, coercion over freedom, and propaganda over truth.
Submitted by Tyler Durden on 02/06/2016 - 11:21 The United Nations Working Group on Arbitrary Detention has ruled that Wikileaks’ Julian Assange has been arbitrarily detained by the “democratic” governments of Sweden and the UK and is entitled to his freedom and compensation for detention by the two “democratic” governments. We will see if the ruling has any effect on the behavior of “the two great champions of liberty.”
Submitted by Tyler Durden on 02/06/2016 - 10:38 “It was like, ‘Here’s someone who doesn’t want to vilify us but wants to get business back in the game’”...
Submitted by Tyler Durden on 02/05/2016 - 23:27 Five years ago, in July of 2011, the house at 4182 West 8th Avenue in Vancouver in sold for $4.6 million. It now rests vacant, abandoned and rotting.
Ever since the London silver fix broke late last week (for the first time in recorded history), silver has been on a tear. Granted, the dollar lost some ground over the past week, but it’s becoming clear that something BIG is going on in the silver market.
Not only did silver NOT respond to the criminal banking benchmark “fix” which attempted to set the price at $13.58 on January 28th, the price of silver has steadily risen ever since, today ending above $15.00.
Again, something BIG is going on with silver. As was reported, Historic Event: LBMA Silver Fix Breaks, on January 28th, Ole Hansen, head of commodity strategy for Saxo Bank, told FastMarkets “It is not a mistake. This could be the end of the fix.”
If you think that’s big news, the bleeding of silver inventories at the Comex over the past couple of weeks is the incredibly gripping subplot to this incredible story of the City of London’s graft.
Submitted by Tyler Durden on 02/05/2016 - 21:43
Submitted by Tyler Durden on 02/05/2016 - 21:30 The Great Depression was the most severe economic depression ever experienced by the Western world. It was during this troubled time that the world’s most famous case of deflation also happened. The resulting aftermath was so bad that economic policy since has been chiefly designed to prevent deflation at all costs.
Submitted by Tyler Durden on 02/05/2016 - 21:00 In lieu of violence, speech is one of the best ways for people to vent their feelings and frustrations. Remove the right to speak about your frustrations and only violence is left.
NATO Secretary General Jens Stoltenberg announced on February 2nd that he approves of US ‘Defense’ Secretary Ash Carter’s proposal to quadruple US armaments and troops in Europe, against ‘Russian aggression’.
Secretary Carter said earlier that same day, in his announcement of America’s arming for war against Russia:
«We are reinforcing our posture in Europe to support our NATO allies in the face of Russia’s aggression. In Pentagon parlance, this is called the European Reassurance Initiative and after requesting about $800 million for last year, this year we’re more than quadrupling it for a total of $3.4 billion in 2017.
It was a better week for precious metals, with gold and silver hitting new highs for 2016.
As Turkey shows increasing signs of invading Syria, Turkish journalist Erman Cete and Daniel McAdams of the Ron Paul Institute speak to Radio Sputnik’s Loud & Clear to discuss the meaning for relations between Russia and NATO.
“We expect a military escalation in Syria,” Cete tells Loud & Clear host Brian Becker.
On Thursday, the Russian Defense Ministry also announced that it has seen mounting evidence of Ankara’s plans to launch an invasion. This comes as Syrian peace talks have broken down in Geneva – something that Turkey and the West blames on Russia.
Protesters clashed with riot police in Athens today as protests against pension reforms during a general strike turned into violent chaos.
Some 40,000 people had joined anti-government protests in the Greek capital, and although initially peaceful, sporadic clashes between anarchist protesters and police outside Parliament and in other parts of the city centre soon escalated.
Police used tear gas and stun grenades against the dozens of hooded anarchists, while street vendors, tourists, and onlookers ran to safety as the violence broke out.
Months after the World Health Organization’s cancer research arm declared the herbicide chemical glyphosate ‘probably carcinogenic,’ the state of California announced a move to place a cancer label on products containing the ingredient. That would include biotech giant Monsanto’s best-selling herbicide, Round Up. Outraged about the news, Monsanto is now suing California to keep Round Up off the state’s list of carcinogens.
Monsanto recently reported that it filed the suit against the state’s Office of Environmental Health Hazard Assessment (OEHHA) and the agency’s acting director, Lauren Zeise, in California state court. This was the company’s response to OEHHA, who last September, issued plans to add glyphosate to the state’s list of chemicals known to cause cancer, making it the first state in the country to do so.
It’s news that seems ripped from the pages of The Onion. Or perhaps Atlas Shrugged.
But incredibly enough it’s actually true: earlier this week, Congress proposed a new law authorizing the US Postal Service to provide banking and financial services.
It’s called the “Providing Opportunities for Savings, Transactions, and Lending” Act, abbreviated as… wait for it… the POSTAL Act.
And it provides explicit authorization for them to provide banking services including checking and savings accounts, money transfers, and “other basic financial services as the Postal Service deems appropriate in the public interest.”
Hillary Clinton said in Thursday’s Democratic primary debate in New Hampshire that she waited to see the outcome of negotiations for the Trans-Pacific Partnership before coming out in opposition – although as secretary of state she voiced enthusiasm for the trade deal on numerous occasions.
“I did hope that the TPP, negotiated by this administration, would put to rest a lot of the concerns that many people have expressed about trade agreements,” she said.
“And I said that I was holding out that hope that it would be the kind of trade agreement that I was looking for. I waited until it had actually been negotiated because I did want to give the benefit of the doubt to the administration. Once I saw what the outcome was, I opposed it.”